On March 30, 2020, The Home Depot, Inc. (the “Company”) completed a public offering of of $750,000,000 aggregate principal amount of 2.500% Notes due April 15, 2027 (the “2027 Notes”), $1,500,000,000 aggregate principal amount of 2.700% Notes due April 15, 2030 (the “2030 Notes”), $1,250,000,000 aggregate principal amount of 3.300% Notes due April 15, 2040 (the “2040 Notes”), and $1,500,000,000 aggregate principal amount of 3.350% Notes due April 15, 2050 (together with the 2027 Notes, the 2030 Notes, and the 2040 Notes, the “Notes”). The offering of the Notes was made pursuant to the Company’s shelf registration statement on Form S-3 (Registration No. 333-227052) filed with the Securities and Exchange Commission on August 27, 2018.
In connection with the offering of the Notes, on March 26, 2020 the Company entered into an Underwriting Agreement (the “Underwriting Agreement”) among the Company and BofA Securities, Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC, as representatives of the several underwriters named therein (together, the “Underwriters”). Pursuant to the Underwriting Agreement, the Company agreed to sell the Notes to the Underwriters, and the Underwriters agreed to purchase the Notes for resale to the public. The Underwriting Agreement includes customary representations, warranties and covenants by the Company. It also provides for customary indemnification by each of the Company and the Underwriters against certain liabilities and customary contribution provisions in respect of those liabilities.
The Notes were issued under an Indenture dated as of May 4, 2005 (the “Indenture”) between the Company and Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.), as Trustee.
The foregoing summary is qualified by reference to the Underwriting Agreement, Indenture and the respective forms of global note for the offering, which are filed as exhibits to this Current Report on Form 8-K and are incorporated by reference herein and in the above-referenced shelf registration statement.